Gapfill
DocuSign: Significant breakdown confirms long term reversalDocuSign - Short Term - We look to Sell at 220 (stop at 245)
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We have a Gap open at 227 from 03/12 to 06/12. Further downside is expected although we prefer to sell into rallies close to the 220 level. The reaction lower is negative and highlights a clear reversal. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 140 and 105
Resistance : 180 / 227 / 290
Support : 135 / 105 / 65
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$AFRM - Reversion to Trendline SupportHigh chance $AFRM falls down to the trendline support over the coming days, maybe even lower as it looks to fill the gap.
Take note of the volume shelf underneath! Once the bleeding stops I'm willing to bet we stop around 65 or 70 allowing us to load a long position into earnings!
Next resistance to break after Ethereum ETH closed CME gap...Next resistance to break after Ethereum ETH closed CME gap...
... FIB golden pocket combined with some volume resistance from the last hourly high.
But the CME gap close looked textbook.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
$DOCU - Coiling Under the GapThis ticker has the potential to make an extremely explosive move over the coming weeks. Price is slowly and steadily increasing while also tightening, meaning we're due for a move.
I'm biased to play this name towards the downside, but the volume gap above CANNOT be ignored. A break of 164 can aggressively send us upwards for the gap fill, resulting in some INSANE profits.
Will keep this one on the watchlist, and will let price dictate how I play it.
TSLA - stars are aligned for a sustainable reboundI guess we can say that Elon's offloading 10% of his shares was in great part responsible for TSLA's plunge of nearly 29% in the recent weeks and it doesn't help that US markets have also been correcting during this period.
There are now a confluence of technical factors on Telsa' chart that gave conviction to Telsa's rebound yesterday:
Telsa finally hit into a strong support zone around 890-900 on Monday before staging a rebound on Tuesday. I suspect the worst is over for now.
How is this a strong support zone (890-900 region)? Due to a confluence of :
1. a horizontal "ressistence" turned support at 895
2. gap close at 900
3. 50% fibonacci retracement of the BC swing up
4. 100% of the AB retracement projected onto C
Incidentally it appears that Elon is also about done offloading his 10% and the US indices also staged a rebound. With so much aligned, I guess Telsa is looking brighter again in the coming days. :)
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
TSLA into Dec OPEX with 38% of gamma expiring FridayTesla $TSLA has 38.25% of gamma expiring this Friday
Breach of 908/900 would fill gap lower to 895. Previous upside nine from Jan 885 could act as support. 875 is a previous upside nine on the daily from Oct 18, bottom of that range is 850/843 and lower Fib support is near 815. MACD / RSI currently over sold with ATR expanding after selling volume came in after recent ath print. It is worth noting that major players, institutions and commercial traders are avoiding the over head risk of Elon Musk selling shares. We would want to see bulls hold these support levels and then we could focus on upside resistance as key levels to break.
Depending on repositioning in the market post Dec OPEX we could see the stock reverse or continue the price downgrade cycle. With interest rates expected to hike + EV names being generally expensive in the market, anything can happen. It is best to size light and play Tesla with profits, always expect 0 if trading weeklies and try to enter at key levels. Best of luck trading!
When the stock doesn't hold the level containing the largest OI (1000 strike) You see dealers start to offload shares as the otm calls become less risk to them.
AMC -- The Road Up Goes Down, Part 3So, where are we headed? Well, the descending wedge that has formed points to the 8.392 fib @ $13.74. However, I do not see us playing out the entire wedge. That gold box seems like a reasonable zone to aim at, and I wouldn't be surprised to see a touch of $16.95 to satisfy the gap that remains from the June run, but at a minimum the golden zone sits just above the tip of the descending wedge.
I can imagine a scenario where such a move ignites volume, wakes up a latent demand zone which will look like a long wick on a daily candle when all is said and done.
$UPST - Gap Fill SuccessfulOver the past couple of days, $UPST has regressed heavily and filled the gap it made back in August.
With Fed meetings over, and the newly bullish momentum in the markets, this name is primed to make a hefty reversal.
We have a small handful of resistances overhead, but I'm confident we'll be able to surpass them given enough bullish volume .
If we run hot enough, we even have a huge gap to fill above 270! I'll be keeping a close eye on this one heading into the new year.
ONG swingtrading swing support Supply Zone gap gapfill reversal bottom
TSLA - Will test the New ResistanceHello Traders, from 3 days sell off of TSLA it will test the new resistance (violet box) and will go down to fill the gap. I posted a Potential Reversal Zone (PRZ) of TSLA to fine where it is possible to go up again.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
* PRZ
* CRRECTIVE WAVE
$NZDUSD Can Finally Reverse And Rise For A CorrectionTraders, NZDUSD has been falling without any supports and has reached a level where it can finally stop, take a pause and reverse for an upward correction.
At this level:
1. It has past structure
2. 78.6 Fib
3. Gap which has now been closed after a period of more than 1 year!! :)
4. Extended M pattern completion
All these factors present us with a good opportunity for a long position. The trade idea is on daily time frame so it may be slow and can take days, possibly weeks.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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